Toyoda Gosei Co. Ltd. (TYO:7282) recently announced that it has agreed to settle a class action lawsuit brought against the company by auto dealers and end consumers in the U.S. District Court for the Eastern District of Michigan. Toyoda Gosei will be required to pay $59 million for the settlement. Plaintiffs in the lawsuit alleged that Toyoda Gosei violated U.S....
More than three-quarters of Japan’s top 100 rubber companies saw their sales rise year-on-year in fiscal 2017, an independent study by Japan Rubber Weekly has found. According to the results of this study, 79 of Japan’s top 100 firms operating in the industry reported year-on-year increases to sales, up from 48 in fiscal 2016. Double-digit sales growth was posted by...
Toyoda Gosei Co. Ltd. (TYO:7282), a member of the Toyota Group, has opened a new base for Indian subsidiary Toyoda Gosei Minda India Pvt. Ltd. (TGMIN). The base is intended to handle engineering and sales matters, and is located in Gurgaon, near Delhi. Employees at the location have been tasked with developing, designing and selling a range of products –...
Toyoda Gosei Co. Ltd. (TYO:7282) is aiming to achieve over 1 trillion yen ($9.14 billion) in sales revenue, an operating profit margin of eight percent and a return on equity (ROE) of 10 percent in a new business plan for fiscal 2025. To this end, the company intends to develop products and commercialize new technologies in response to the spread...
Toyoda Gosei Co. Ltd. (TYO:7282) has achieved a record-high current with a newly developed vertical gallium nitride (GaN) power semiconductor. GaN, which is used in the semiconductor, is also a key material in blue LEDs. Power semiconductors are widely used in power converters, with this including applications in adapters and power sources for electronic devices. However, due to the characteristics...
Toyoda Gosei Co. Ltd. (TYO:7282), the Toyota Motor Group’s only manufacturer of high polymers, established a new plant on March 14 to manufacture high-pressure hydrogen tanks – a main component of fuel cell vehicles (FCVs). The company has invested 12 billion yen ($113.28 million) in the plant, where it is preparing to start production in the early 2020s. Moving forward,...
